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question is: In what time will Rs.12000 produce Rs.1950 os interest at 5% per annum? 5
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Step-by-step explanation:
Answer: Here, P = Rs. 68000, R = 50/3% per annum and T = 9/12 years = 3/4 years. Note that the time has been converted into years as the rate is per annum. The units of rate R and the time T have to be consistent. Now using the formula for the simple interest, we have:
S.I. = [{P×R×T}/100]; therefore we may write: S.I. = Rs. [68000×(50/3)×(3/4)×(1/100)] = Rs. 8500.
In some cases the days of the start and the days when we calculate the interest are present.
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